Markets

10 years ago

Citigroup: 99 Cents a Share

Check the shelves of Family Dollar: The share price of Citigroup dropped to 99 cents today at 11:22 a.m., marking an 85 percent decline this year and a market value for the company of $5.5 billion. In 2006, the share price was $55.70 and the company’s market value was $277.2 billion. The New York Stock Exchange, earlier this year, suspended a rule that delisted companies trading below $1 a share. By the end of the day, the bank’s share price had rallied slightly, to close at $1.02.